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Rick Santelli Unleashed: It's Not The Economy, Stupid - "The Central Planners Are In Control"
"China is not doing anything that the US has not already tried," exclaims Rick Santelli as he derides the 'entitlement' society has reached the investor class. Whether it's US, Japan, Europe, or China, "the idea of trying to prop up returns in the equity market - admitted or not - is going on," Santelli notes, asking - after forcing every mom and pop out of savings and into investment, "if it doesn't turn out well... do they have a moral obligation to help out?" Simply put, he rages - drawing the chart of the year - "the central planners are in control... and I don't suspect they will give up the reins any time soon."
Three minutes of reality check...
We are sure one day the world will realize the smoke and mirrors that have been promulgated as 'free markets' and 'free economies' has morphed into nothing more than an ongoing can-kicking exercise in futility as the endgame is self-evident - that which cannot go on forever, won't!
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Central Planning, A Euphenism for Communism and Socialism.
The present Greek fiasco is a perfect example of central planning gone insane. Let's call central planning what it really is, a bunch of communists who think that they can decide for every body else how they should live and how they can spend the money of others. Take a good look at the pro's, the Greeks. They plan, there in the center of Europe, how they can take everybody else's money, and spend it for themselves and treat everybody outside of Greece like a money machine. And there you have your typical central planner, elitists planning for the suckers.
When companies or individuals can't pay their bills, creditors take debtors to court and one way or another justice is served. Accounts and assets are ceased and are then sold to pay off the creditors.
So why are countries different? Greece say's that it can't pay its debts. Debts that they, not the lenders or creditors, but GREEKS, that asked with cup in hand to borrow more and more. They are now in tune to some 250 Billion Euros in debt. They say they can't repay it. How about selling its assets. The Greek Government, being ever so good in communist tendencies, own power, gas, airports, airlines, public transit, and a plethora of other assets, like the several hundred islands it has. Yet Greece never even tries to pay its debts. Since the 1820's, for the majority of the past 200 years, Greece has been cheating and stealing from other countries and institutions by not paying their debts. Greece is a debt hog. Greeks are hogs! They think they can live western lifestyles but not with their own money but with others. Consider this, Germany has given over 50 Billion Euros to Greece, that is, Germany alone has given TO EACH MAN, WOMAN, AND CHILD IN GREECE, over 5,000 Euros...to each and every single Greek! We can continue this, France and Italy both have given EACH GREEK, gifts of 4,000 Euros. In fact, in total, EVERY SINGLE GREEK IN ALL GREECE has been basically given 50,000 Euros! And they cry for their pensions? 50,000 Euros has been given to EACH GREEK! And they want more!
By 2025 it will be 200 years that the Greeks have been doing this childish, reckless nonsense. And the communist/socialist voices around the world want to give the Greeks a debt haircut. That is insanity!
200 years of debt recklessness must end. Greece must be put in its place:
-Greeks must learn they are not a 1st World Country, they are and have been 3rd World (for the PCs, a developing country that never develops), for all their history.
-Greeks need to learn the true price of coffee that they drink every single morning while they are bemoaning they are poor. Its time Greeks learnt about the real cost of debt.
-About Greek productivity: Continuously we see that Greeks work more hours than most other people, but the reality is, while Greeks are on the jobs, they do nothing. Their productivity is atrocious. They may be at work more hours, but that is only to cash in on their hourly wages. Greeks are notorious slack-offs.
-Greeks are TOO ARROGANT, for Europe and for Humanity. Greeks should be tossed out of the EU, and then told they have to EARN their way back in, by paying down every cent they own.
-As Margaret Thatcher said prophetically once, Communists/Socialists only know how to spend other people's money; that's exactly what Greeks are, communists and socialists, and they don't have any self-respect and or shame in begging for other people's money, spending it, and then crying when the time comes to pay it back. SHAME ON YOU GREECE! SHAME ON YOU.
-And lets get this "Greece invented Democracy" crap right; Greece did not event Democracy, they only evented the word "democracy". Greek Democracy back 2,500 years ago was all about, a small group of land-owners deciding the fate and lives of everyone else. Back in those days, Greeks had slaves, Greeks didn't allow women to vote, Greeks didn't even allow all Greeks to vote, only those who where part of the inner elite whealthy (known today as a plutocracy) to vote. In short, Greek Democracy=Plutocracy, 2,500 years ago and right up today.
And what about the Maastricht Treaty? By that Treaty, every single member of the EU, IMF and European Bank, should be put in prison! But that's another story for another time.
GREECE MUST PAY. AND MUST PAY EVERY CENT OF DEBT BACK. EITHER WITH HARD COLD CURRENCY....OR WITH ASSETS, WHICH THEY HAVE.
ENOUGH OF THIS PANDERING TO THIEVES AND LAZY BUMS.
You want to stop central planning; START MAKING THE ELITISTS PAY FOR THEIR ERRANT INDULGENCES. A good example to set is to make Greece pay all it is owed. Then how about throwing the Maastricht Treaty in the face of those criminal politicians who've shunned it.
You want to stop central planners destroy the economy? Simple. MAKE CENTRAL PLANNERS ACCOUNTABLE FOR THEIR DECISIONS!
In all business and financial arrangements, both ends of the arrangement must have skin in the deal that they can lose. And when it comes to pay up, PAY UP!
IN SHORT: DON'T BE A GREEK!
Actually, it is the other way around. Fascism, Monarchy, Democracy, Socialism, Communism are all just ways to implement Central Planning.
And Central Planning is just a euphemism for "we are predators and you are our prey".
Simple as that.
Sorry to disagree with you, but you couldn't be more wrong.
Communism, Socialism, Marxism and basically "Leftism", are central planners of a small group of elitists who think they know better than the masses and think they can decide for every one else; they use taxes to take from the hard working people who earn and save to give to the unproductive in society. The imbalance here is that these Communists do not how to value the productive utility that they tax too much, with the value of unproductive utility that they give money to. The problem is with how Communists tax, they think by taxing $1 from a private individual who worked hard for their $1, has the same value as $1 to a poor person, or even pensioner, which is not so, it has much lower utility value. And that's the key problem, communists, socalists and leftists, don't know how to value REAL utility.
Facism and Monarchists are a different group of elitists who think they can tax people by taking $1 of productive utility, and giving it to the richer classes through tax breaks and government subsidies. This has the same outcome as above with communists, instead you are giving money to a group of people who don't do anything with that money, they just keep it locked away.
Communists central planners destroy the utility of money and wealth by taking it from those who earned it to people who didn't earn it and only use it for low utility value. While Facist central planning destroy the utility of money and wealth by giving it to people who hoard it.
When taxing people, it is important that when you take money from one group of people to give to another, you must weigh up the UTILITY value of the exchange and whether or not that this utility value is supportable. But no economist, no politician, no economic theory does this. This is the problem with economics, politics and finanicial systems, they are bewrangled with elitists and ideology, there is no pragmatism....
ECONOMICS AND POLITICS SHOULD BE RUN WITH COLD PRAGMATISM!
Authority is fiction.
Government is fiction.
All tax is simply predatory action (theft).
Love ya Rick, YOU ROCK!!!
;-D
In the end, it is all about accountability, those who made decisions will be be alive when scary consequences finally arrive upon us.
NCBP= No Capital Back Policy
Santelli for Fed Reserve Chairmen. At least he sees the writing on the wall where were headed and its not pretty.
They will likely dismantle the office buildings for their glass exteriors - and use that material as protection from the sun for their shelters.
Why does Rick rock? Because how many times do we hear someone trying to tell the truth on a news program today?? When it happens we are all blown away…
you suck that in superman,and your luungs will expand
I can understand the temptation of central planning.
The idea that no corporation ever need fail.
A controled balance of trade and production.
Collectivism can, with perfect knowlege, enforce stagnation at best.
Collectivism has always failed; no one person or board is smarter than the millions of individual decisions a well informed maket provides.
Boy, this is going to blow-up big!
life is so simple and we are so stupied, but no one approches a certian level on the big screen. Thats what I ask
I wish Rick would diclose his personal portfolio.
The resistance needs a leader. Hopefully, The Donald is our dictator. LOL
This country is just too depressing to pay attention anymore. Jack Boot Mullatto is in full control. Wake me when the casino blows.
Begin an empire. Begin a Barter Town in your area.
I hope everyone at ZH understands what is going on in all major nations. For anyone who doesn't understand, the following is a summary:
#1: central planners manipulate economies to damage them.
#2: damaged economies do very poorly, lots of problems.
#3: central planners pretend to help (do more damage).
#4: wrecked economies collapse.
#5: central planners declare "markets don't work".
#6: central planners declare "only central planning works".
#7: world goes totally "central planning".
#8: game over : permanent slavery.
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Step #1 started a long, long time ago (100+ years).
We are now very close to step #5.
The last steps will happen fast.
Humans are finished.
Humans are finished, because they are confused and because they won't stand up and say no. Because humans refuse to exterminate the predators feeding upon them and enslaving them. Because so many humans are addicted to the status-quo, and will sell their long-term for a stale donut today.
Humans are finished.